Antofagasta Says Third-Quarter Copper Slump Cost $297 Million
Bloomberg reported that lower copper prices cost Antofagasta (LSE:ANTO) almost $300 million in third quarter.
Articles Tagged "Antofagasta"
Antofagasta H1 Copper Output Off, But Costs Surged
Chilean copper miner Antofagasta Plc posted a 6.6 percent slip in first-half copper output on Thursday, slightly better than its own expectations, and declared costs remained sharply higher than last year. The London-listed firm said copper production for the six months to end June decreased to 218,200 tonnes from 233,600 tonnes in the same period [...]
Antofagasta will purchase 40% of Chilean Power Plant
Chilean copper miner Antofagasta Plc is purchasing a 40 percent stake in a thermo-electric power plant which will supply electricity to its Esperanza copper-gold mine project. For full story, click here
Antofagasta's Q1 Copper Output dips, repeats target
Chilean copper miner Antofagasta Plc. posted a dip in its first-quarter copper output on Thursday and higher costs, but the output figure was in line with a lower full-year forecast. For full story, click here
Chilean Copper miner set eyes on expansion in Africa, Australia
Chilean copper miner Antofagasta is actively looking as far afield as Africa and Australia for its growth prospects as growth by exploration is the core pillar of the strategic plan of the miner. The collapse in copper prices, which have more than halved since their peak in July 2008, has opened up several opportunities for [...]
Chilean Miner Antofagasta to unveil its full-year results
Chilean miner Antofagasta will announce the effect of slumping copper prices on its full-year results on Tuesday. The group is expected to reveal profits of around £1.35 billion – flat on last year but investors are holding out for the dividend. Fourth quarter production data reported in February showed group copper production was up more [...]
TNR Gold Corp – Developing in Argentina
Overview TNR Gold Corp. (TSX-V: TNR) is a junior mining company actively exploring a portfolio of properties in North and South America. Our primary focus in 2008 is the exploration and development of three key projects in Argentina: Eureka, El Salto, and El Tapau. We continue to explore our other properties while identifying new quality [...]
Poor economic data causes copper crash
By Leia Michele Toovey- Exclusive to Copper Investing News After the week started on a good note, on Wednesday a Fed warning that the U.S. economy still faces significant threats and bleak U.S economic data led Wall Street to its worst day since the 1987 stock market crash. Copper dropped as much as 8 per [...]
Chile Copper Mine Port Strike
The top mining port in Chile, Antofagasta, has workers striking for a second day in a row. Demands for higher pay and better working conditions are the reasons behind the strike. Workers started their strike at Antofagasta, which serves Chile’s northern mining region, just before midnight on Tuesday, leaving at least one copper shipment delayed [...]
Apoquindo Minerals: Advancing Base & Precious Metal Deposits in South America
Overview Apoquindo Minerals (AQM: TSXv) is advancing its Copper Oxide Project in the heart of the world’s greatest copper producing region in Chile, as well as actively exploring multiple base metal and precious metal projects in Peru. During management’s tenure as top executives with Codelco Chile, the world’s largest copper producer ($24B market cap), they [...]
